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Technical high volume sell on strength at resistance line.
GDX
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-6.81%
in
111 days
(closed on 05/16/09)
Technically at a resistance line. Friday's trading was met with high volume selling on strength right at the resistance line.
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GDX as an out of money call on gold
GDX
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+65.49%
in
323 days
I expect the GDX ETF to perform very well in 2009, as it behaves almost as a call option on the price of gold. I believe the debasement of the US dollar will lead to higher price of gold, as well as the decline in gold production. Currently many gold producers are traded extrmely low. The gold spot per GDX ratio is around 23 right now. I believe it will drop significantly. Within 2009, I believe the ETF will trade above 120$, unless the Obama administration will turn to gold confiscation or something whacky like that (ok, it's not that whacky considering it happened in 1934).
If gold wil...
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A Global Metal & Mineral Mining Index
GDX
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+8.34%
in
29 days
(closed on 10/03/08)
<> Global Metal & Mineral Mining Index Averages & Benchmark Fund Comparisons <>  Top 5 Companies by Trailing 52-Week Change
 Top 5 Companies by Market Cap
<> 
The accompanying tables present an overview and statistics for a Global Metal and Mineral Mining Index of 78 companies with market caps over $1 billion US Dollars. All companies in this index must derive the majority of their revenues from the following activities: the exploration, mining, extraction, processing, and sale of all types of preciou...
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put/call ratio
GDX
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+36.59%
in
485 days
in GLD is 9, i think that the gold sellers are running ahead of themselves
i have to keep some gold to hedge against weak USD and inflation, so i do not have much options here, but DGP can be interesting to consider.
also IWM - too many open call positions considering that IWM is about the same level it was last three months
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Bullish on GDX ...
GDX
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+3.13%
in
511 days
The GDX Vectors Gold Miners renko 60-minure chart signaled a buy, this time not via the CCI but by the parabolic SAR moving back under the pattern. This did not get you out of the short with the maximum gain but still worked well for an automatic system.
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From the Blogosphere
Notable ETF Movers 12/2: GDX, TUR Up; UNG, USO, THD Down
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StreetInsider.com Notable ETF Movers:HIGHER;<>Market Vectors Gold Miners ETF (NYSE: GDX) up 2.35% to $54.94. Gold maintains a high level after breaking through a record high of $1200 yesterday. Investors, losing faith in the Dollar and other currencies, are still trudging towards tangible metals.
<>iShares MSCI Turkey Invest Mkt Index (NYSE: TUR) shares are up 3.93% to $49.44. J.P. Morgan recently upgraded the sector, noting that Turkish exporters may benefit from a European bounce-back. Markets in Turkey were closed at the end of last week to observe a religious holiday, but stocks traded...
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Options Update: HSBC Holdings volatility low; uncertainty of Dubai exposure
Filed under: Options  HSBC Holdings (HBC) is recently trading at $57.40 in pre-open trading, below its close of $62.07, due the uncertainty of Dubai World; the government investment company sought to delay repayment on much of its debt. HSBC December and January option implied volatility of 29 is below its 26-week average of 36, according to Track Data, suggesting decreasing price movement.
<>Market Vector Gold Miners (GDX) is recently down $2.02 to $50.81 in pre-open trading. Gold is recently down 2.23% to $1162.10. GDX December and January option implied volatility of 43 is below its 26-week ...
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Notable Late-Afternoon ETF Movers for 11/25: UNG, GDX, XRT Higher; UUP Lower
- United States Natural Gas (NYSE: UNG) explodes 6.77% to $9.62. The ETF is up as natural gas Jan 10 futures are up 8% on economic data and some colder forecasts for the Midwest and Northeasten U.S.
- Market Vectors Gold Miners ETF (NYSE: GDX) moving about 2.5% to $52.74. Gold is hitting record highs above $1180 today, setting a good pace for miners to bank in the near-term.
- SPDR S&P Retail (NYSE: XRT) up 2.12% to $35.62. The ETF is loving today’s economics. Personal income up? Jobless claims down? New home sales up? Should make for
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Afternoon ETF Check: GDX, KBE Higher; UUP Lower
HIGHER;- Market Vectors Gold Miners ETF (NYSE: GDX) up 1.52% to $51.59. Gold prices are higher as the dollar weakened versus the Euro. St. Louis Fed President James Bullard didn’t instill confidence on Sunday when he said that the central bank should retain the authority to buy mortgage-backed securities and agency bonds.
- SPDR KBW Bank (NYSE: KBE) is up 2.26% to $22.15. On an overall up market day, some investor confidence may have been restored by BoA Merrill CEO Ken Lewis commenting on postponing his departure.
LOWER:<><>PowerShares DB US Dollar Index Bullish (NYSE: UUP) down $0.16, or 0...
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John Paulson Set to Launch Gold (GLD) Hedge Fund
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I keep looking for something that marks at least an intermediate term top in gold, i.e. a "magazine cover" indicator aka when everyone is on the same side of the trade and even your barber starts talking up gold stocks. This doesn't mean the thesis is not correct in the long run, but let's keep an eye out.
<>The latest bit of "piling on" in the gold trade is infamous hedge fund manager John Paulson - who already holds enormous amounts of gold in his main fund (over 8% of the entire SPRD Gold Shares (GLD) ETF!) - opening a gold specific hedge fund, partially just to find a place to protect...
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